FXCM · United Kingdom
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
License Type:Market Making(MM)
Regulated in Country/AreaUnited Kingdom
Regulatory License No.：217689
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :20 GreshaM STreeT FourTh Floor London EC2 7JE UNITED KINGDOM
Phone Number of Licensed Institution :44 02073984050
Licensed Institution Certified Documents :Forex Capital FCA监管截图 View Certified Documents
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The data are from WIKI Research 2021.09.21 updated
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FXCM · United Kingdom
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General Information & Regulators ofFXCM
FXCM is a leading international provider of online forex trading, CFD trading, and related services. Founded in 1999 and headquartered in London, UK, the company's mission is to give traders around the world access to the world's largest and most liquid markets by providing innovative trading tools, employing talented trading mentors, meeting strict financial standards, and striving to provide the best online trading experience in the market. The company is currently fully licensed by the Australian Securities and Investments Commission (ASIC) and fully licensed by the Financial Conduct Authority (FCA) in the UK. FXCM is currently regulated by two Tire-one global regulators - the Australian Securities and Investments Commission and the UK Financial Conduct Authority.
FXCM offers investors a diverse range of tradable instruments, including currency pairs, precious metals, commodities, global stock indices, treasury bonds, as well as a forex basket, a stocks basket, CNH, and other popular products.
Leverage & Account ofFXCM
There are two types of accounts: Regular Accounts and Premier Accounts. Regular accounts have a minimum deposit of $50 and allow investors to trade up to 39 popular currency pairs and the entire CFD range with up to 1:400 leverage. The Premier Account is designed for high-volume investors and requires, firstly, an FXCM account or a new account, a total USD notional trading volume of $10 million per natural month. The account offers investors a range of benefits: exclusive support, premium services, and tailor-made trading solutions.
Spreads & Commission Fees ofFXCM
The spreads are 1.3 pips for EUR/USD, 2.3pips for EUR/GBP, and 1.8pips for AUD/USD. The Premier account offers investors a cashback offer. If a client trades EUR/USD pair and reaches $300 million in notional volume for the month (for the fifth step), then the cashback amount is $25/million, for a total cashback amount of $7,500. The cashback for equity index CFD products ranges from $1 to $3 per million USD.
Trading Platform Applied ofFXCM
FXCM has fully optimized and upgraded its MT4 platform to execute traders' orders faster and more consistently. The advantages of MT4 are setting stop-loss/stop gain before execution, setting stop loss and stop gain of 0.01 (micro) lot when creating a new trade, trading with more accurate lot sizes, enhancing risk management by partially closing positions, and controlling when traders want to close a position and how much of a position traders want to close. In addition, FOREX offers a free MT4 Virtual Private Server (VPS) storage service. This VPS has three advantages: EA will continue to operate when the computer is turned off; the server is dedicated to EA trading and will not operate other applications; and traders can log into their platform from any computer even if they do not have MetaTrader 4 installed.
Deposit & Withdrawal
FXCM welcomes several payment methods, including online banking payments, bank transfers, and other payments. The minimum single deposit for CUP is $100, and the minimum deposit for a credit card or wire transfer is $50. Besides, traders can withdraw funds once a month for free.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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